The total supply of the first cryptocurrency by the US authorities is 205,515 BTC (~$5.6 billion at the time of writing) – this is more than 1% of the coin supply. This was reported by analysts at Dune, calling the US government “one of the largest bitcoin whales.”
The US Government is one of the biggest #Bitcoin whales 🐋
Since 2020, they seized 215k+ $BTC — currently holds at least $5.65b worth
That’s 1%+ of the total circulating supply 🤯
This dash by @0xcarlosg & @21Shares breaks it all down 👇https://t.co/JxnDDqqtsf
— Dune (@DuneAnalytics) March 23, 2023
Since 2020, the US Department of Justice has confiscated about 215,000 BTC affiliated with criminal activity. Among them:
- 69,370 BTC associated with the Silk Road darknet marketplace (November 2020);
- 94,643 BTC from the couple involved in the Bitfinex hack (January 2022);
- 51,326 BTC from Silk Road hacker James June (November 2022).
Dune notes that this is an “underestimate” based on publicly available information.
Earlier, the analytical company PeckShield recorded the movement of 48,998 BTC from US government wallets. 30,174 BTC and 8,999 BTC went to two new addresses, and another 9,825 BTC was sent to the American cryptocurrency exchange Coinbase.
In March 2023, the German and US authorities, with the participation of other countries, shut down the infrastructure of the ChipMixer cryptocurrency mixer and confiscated 1909.4 BTC.
Source: Cryptocurrency
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